What is Alaska Air Group's cash ratio?

Alaska Air Group (ALK) reported cash ratio of 0.1× in Q1 2026.

How has Alaska Air Group's cash ratio changed year-over-year?

Alaska Air Group's cash ratio decreased by 56.1% year-over-year, from 0.2× to 0.1×.

What is the long-term trend for Alaska Air Group's cash ratio?

Over 5 years (2020 to 2025), Alaska Air Group's cash ratio has grown at a -20.3% compound annual growth rate (CAGR), from 0.3× to 0.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Alaska Air Group ALK Cash ratio

Cash ratio at other companies

Delta Air LinesDAL

0.2×0.0×

Southwest AirlinesLUV

0.3×-0.3×

United Airlines HoldingsUAL

0.3×-0.1×

MatsonsMATX

0.2×0.0×

BoeingBA

0.1×0.0×

Carnival CorporationCCL

0.1×0.0×

Other financials

Income statement

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Revenue$3.3B+5.2%

Operating income-$279.0M-41.6%

Net income-$193.0M-16.3%

EPS (diluted)-$1.69-25.2%

Balance sheet

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Cash & equivalents$508.0M-53.8%

Total debt$6.4B+2.4%

Total equity$3.7B-9.8%

Total assets$20.3B+2.4%

Cash flow

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Operating cash flow$421.0M-8.3%

CapEx$30.0M-28.6%

Free cash flow$391.0M-6.2%

Valuation

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Market cap$5.49B-30.2%

Enterprise value$11.41B-9.7%

P/E75.2×+53.4×

P/S0.4×-0.2×

Profitability

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Operating margin1.5%-2.7pp

Net margin0.5%-2.3pp

FCF margin6.3%-4.4pp

Returns & leverage

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Return on equity1.9%-7.0pp

Debt / equity1.7×+0.2×

Current ratio0.4×-0.1×

Where this comes from

Calculated from Alaska Air Group’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: Alaska Air Group’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alaska Air Group's cash ratio?: Alaska Air Group (ALK) reported cash ratio of 0.1× in Q1 2026.
How has Alaska Air Group's cash ratio changed year-over-year?: Alaska Air Group's cash ratio decreased by 56.1% year-over-year, from 0.2× to 0.1×.
What is the long-term trend for Alaska Air Group's cash ratio?: Over 5 years (2020 to 2025), Alaska Air Group's cash ratio has grown at a -20.3% compound annual growth rate (CAGR), from 0.3× to 0.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.